Expat Cyprus News
Latest 10 news items tagged Cyprus
19 Sep at 6 PM 2019
Should a no-deal Brexit be the end result, British expats in Cyprus
now have until December 31, 2020 to register for legal status.
Wednesday’s announcement of an extra 14 months’ deadline for legal status applications was made on the island’s Migration Department website and will help to calm British expats’ fears as a no-deal exit from the EU looms ever nearer. Initially, residency permit applications could be made up until October 31 for the MEU1, MEU2 and MEU3 permits, with the island’s British High Commission welcoming...
9 Sep at 6 PM 2019
For expats buying a home overseas, it’s often a daunting prospect due to language difficulties and lack of knowledge of property laws applicable to non-citizens.
Emigrating on a permanent or semi-permanent basis often includes buying a property in the new country of residence, but it’s a challenge for new arrivals who don’t yet know their way around property laws and the correct procedures. As a result, the first priority should be to seek legal advice from a totally independent property specialist with no ties to any other...
2 Sep at 6 PM 2019
Retired British expats living in EU member state are being promised an annual £200 pension increase for three years following a no-deal Brexit.
In a move aimed at quashing scare tactics suggesting British expat pensioners in the EU would lose out after a no-deal Brexit, Work and Pensions Secretary Amber Rudd has guaranteed the increase for British retirees in the EU, including those in Cyprus
, Spain, Portugal and France. The current British state pension is £168 a week, with the triple lock-based increase amounting to £16.66 a...
22 Aug at 6 PM 2019
A recent survey suggests Brexit is wrecking overseas retirement plans for British citizens.
The survey was carried out by Canada Life and involved 1,006 Britons over the age of 50 who were considering moving overseas after retirement. The results weren’t encouraging, as almost half of respondents who’d been planning to retire overseas were now reconsidering and resigning themselves to staying in the UK. Others believe the threat of Brexit and the difficulties of retiring in Europe without freedom of movement is causing them to...
5 Aug at 6 PM 2019
British pensioners in Cyprus
are jumping through hoops to re-register with the island’s new GESY health service.
Until now, British recipients of the UK’s state pension were entitled by means of a reciprocal agreement to Cyprus
NHS care. The new Cypriot
General Healthcare System (GESY), is its replacement, but Britain’s Department of Work and Pensions is making the already complicated task far harder for many. For the majority of UK expats on the island, their local surgery will be willing to help with explaining the...
5 Aug at 6 PM 2019
In spite of endless warnings by authorities and online advice sites, pensioners in the Costa del Sol have lost millions to yet another investment scam.
Continental Wealth Management, now defunct, was using the familiar technique of shovelling expat retirees’ life savings into high-risk investments paying massive commissions to dodgy IFAs operating from a high-end office in Denia. Hundreds of British pensioners in Spain, Portugal, Italy and France have now lost a total of up to £25 million, with little or no chance of getting any of...
19 Jul at 6 PM 2019
Expats living in Europe are seeing low cost of living increases.
Expatriates living and working in the European Union are facing an average cost of living increase of 1.6 per cent in both May and June this year. According to the European Central Bank, it’s targeting an increase of just below two per cent, with European parliament members now saying they’re ready to support increasing inflation by means of raising interest rates.
Those living in Romania have seen the highest inflation at 3.9 per cent, with Hungary coming in on...
10 Jul at 6 PM 2019
As the world becomes more politically and economically unstable, more and more wealthy would-be expatriates are getting caught by smart salesmen.
The trend of internationalising is the latest way for wealthy nationals to ensure their capital, investments and even businesses are safely stored against economic disaster whilst they continue their lives in another country. For high net worth individuals, becoming a global citizen is the way to go, but taking wealth out of the country of origin requires dealing with key issues.
3 Jul at 6 PM 2019
British expats living in the Cypriot
hill village of Pissouri are being evicted as their homes are collapsing due to underground water courses causing giant underground sink holes and landslides.
The British expat community in Pissouri are mostly retirees and families, enjoying their time off in the sunshine amidst glorious sea vistas. The problem became apparent as early as 2015, but is now at a crucial point, with 70 homes either rendered uninhabitable or under immediate threat. One Briton’s swimming pool and front drive are now...
24 Jun at 6 PM 2019
Expats living and working in Cyprus
are being denied online registration access to the island’s recently launched national health service.
EU citizens including expat Britons as well as Turkish Cypriots living and working on the island are complaining to local media that they’re unable to register online for the General Healthcare System. In addition, expatriate Greek residents are being told they must present proof of their residency even although they’re paying into Cyprus
’s Social Insurance Fund and special agreements exist...